International Arbitration 2020: Uzbekistan
Arbitration is becoming more and more popular in Uzbekistan as an alternative to litigation. With adoption of the Arbitration Law in 2006, the number of arbitration tribunals established in Uzbekistan reached 247 in 2020. One of the most active is a network of arbitration courts under Chamber of Commerce and Industry of Uzbekistan (CCI).
The firm rises in the rankings released by Legal 500 and takes positions in eight jurisdictions – Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.
Covid-19. Force Majeure mode for contracts in Uzbekistan
In connection with the pandemic triggered by the spread of the COVID-19 virus (coronavirus) in the world and for mitigation of the negative impact on the economy, the Government of the Republic of Uzbekistan adopted a number of decisions for introducing a force majeure mode for business in the country.
Support of export and import during the period of combating the spread of coronavirus infection (COVID-19)
The Decree of the President of the Republic of Uzbekistan ‘On priority measures to mitigate the negative impact on sectors of the economy by the coronavirus pandemic and global crises’ No. UP-5969 dated March 19, 2020, envisages a number of measures to mitigate possible negative consequences for business entities and citizens of the Republic of Uzbekistan.
Legal Framework for Insolvencies in Uzbekistan
Despite being relatively new, the current bankruptcy law in Uzbekistan (initially adopted in early 1990s) has improved drastically over the last decades. Uzbekistani insolvency regime, that was upgraded significantly throughout the several redrafts of the law, is still undergoing some changes that are being introduced as a part of its ambitious market-oriented economic reforms.
Following the release of Chambers Global 2020, one of the most reputable international legal directories identifying best legal experts across the globe, GRATA International solidifies its position as one of the leading law firms in Eastern Europe and Central Asia by entering rankings in six countries.
Chambers&Partners has recently released its 2020 Asia-Pacific Guide, in which GRATA International has confirmed its status as one of the leading legal experts in Central Asia and Caspian region, with rankings in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
GRATA International took part in English Law Day in Tashkent
On October 17, 2019, the first English Law Day was held in Tashkent, which brought together leading experts from the UK and Uzbekistan. Various aspects of application of English law and the promotion of legal links and business between two countries has been discussed at the event.
PPP law initial focus of new Uzbek agency
With Uzbekistan announcing that it is establishing a coordinating agency to facilitate planning and implementation of PPPs, the new agency’s focus in its first year will likely be on helping to draft and shepherd passage of a PPP law through the country's Supreme Assembly, according to a legal adviser in Tashkent.
Legal 500 has recently released its annual rankings of international law firms – Legal 500 EMEA 2019.